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5 Best Growth Stocks to Invest in Now, According to Analysts – June 2023
Stock Analysis & Ideas

5 Best Growth Stocks to Invest in Now, According to Analysts – June 2023

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Using TipRanks’ Stock Screener tool, we have handpicked five growth stocks with the potential to perform better than the broader market.

Growth stocks are enjoying huge gains in 2023 so far due to the hype surrounding artificial intelligence and expectations of a slowdown in interest rate hikes. Further, recent economic data reflects slowing inflation and a decrease in the yield on long-term government bonds. Interestingly, this makes for a favorable scenario for growth stocks.

To help investors choose the best growth stocks from the entire universe, TipRanks offers a Stock Screener tool. Using this tool, we have shortlisted five stocks that have received a Strong Buy rating from analysts, and whose price targets reflect an upside potential of more than 20%. Also, they carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks. Lastly, these companies’ revenues have witnessed a strong compound annual growth rate over the past three years.

According to the screener, the following stocks have the potential to grow and are analysts’ favorites.

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